Category Taxation in Sweeden

Tax Breaks Will Save Print News in Sweden

August 30, 2017 Taxation in Sweeden

NewspaperSTOCKHOLM – Sweden is setting out to combat fake news, by easing taxation on printed newspapers.

On August 29th the Minister of Finance if Sweden Magdalena Andersson announced that the government intends to introduce a new tax break for newspapers.

Currently, newspapers and periodical publications in Sweden are required to pay a tax of 2.5 percent on all advertising revenues exceeding SEK 75 million.

However, the government is now looking to drop the tax entirely.

The government hopes that by dropping the tax, it will help grow the industry and for a greater number of journalists to be trained and employed.

The ultimate goal of the move is to help increase the relevance of real news and journalism, instead of internet-led fake news.

Summarizing the move, a representative of the Ministry o...

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Sweden Eyes Air-Travel Tax

March 16, 2017 Taxation in Sweeden

Ticket tax in SwedenSTOCKHOLM – Travelling is about to become a more expensive activity for Swedes, as the government looks set to implement a new tax on each and every air ticket sold.

On March 15th, the Financial Markets Minister of Sweden Per Bolund said that the national government plans to implement a new tax on the sale of airline tickets.

The new tax is expected to be levied at a rate of between SEK 80 and SEK 430, with the exact rate to be based on the distance of travel purchased.

The tax, which is yet to be approved, is intended to compensate the government for tax losses arising from a lack of VAT on international flights, and the relatively low taxes paid by airlines on their greenhouse gas emissions.

The Minister also explained that the tax is a form of green-tax reform.

The proposed tax has s...

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Sweden Taxes Terrorist Financiers

December 16, 2016 Taxation in Sweeden

Sweden taxes terroristsSTOCKHOLM – Sweden has retrieved unpaid taxes from 120 individuals suspected of financing terrorist activities.

A new collaborative project between Swedish tax authorities and security police is paying off dividends by raising tax revenues while also strangling the flows of terrorist financing.

The project, which was initially launched a year ago, revolves around ongoing investigations by the security Service, Säpo, to try and identify individuals suspected of enabling terrorist financing or actively participating in the funnelling of money to terrorist organisations.

The names and details of all suspected individuals are passed to tax authorities who conduct investigations into the tax affairs of the people, including comparisons of their declared incomes against their lifestyles.

It ...

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Sweden Drops Solar Tax

November 23, 2016 Taxation in Sweeden

Solar Tax in SwedenSTOCKHOLM – Sweden has slashed taxes on large-scale solar power generation, in an effort to see boost the uptake of renewable energy sources in the country.

In a press statement issued earlier this week the government of Sweden announced that it would be slashing the rate of tax applied on the large-scale production of solar electricity.

In 2016 the government enacted a tax of SEK 0.292 per kWh produced by large-scale solar arrays generation arrays in excess of 255 kW.

The government is aiming to eventually drop the tax entirely, however, legislative hurdles prohibit them from simply striking the tax.

Instead, the rate of the tax will be dropped by 98 percent to SEK 0.005 per kWh, with an exemption for solar arrays rated at less than 255 kW.

Sweden currently sees approximately 0...

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Tax on Online Gambling Should be Less Than 20% in Sweden

November 4, 2016 Taxation in Sweeden

Tax on online gambling in SwedenSTOCKHOLM – Sweden’s tax on online gambling should be set to no more than 20 percent in order to ensure that it results in high tax revenues without pushing operators away from legitimate licensing.

A recent report by the think-tank Copenhagen Economics has sought to assess the effect of tax rates on the tax revenues derived from online gambling licensing in Sweden.

The think-tank was tasked with determining the rate of tax on gross gambling revenues which would simultaneously maximize the revenue gathered by the government while ensuring that the highest proportion of gambling operators are licensed.

It was determined that the optimal rate of tax on gambling revenues is between 15 percent and 20 percent.

The think-tank claimed that it is unlikely that tax rates of less than 15 percent w...

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